Please Contact Me directly if you have any suggestions or questions. The Crossroads of Commoditization: No Bottom, No Net. Briefly, the study explored the fundamental differences between the cost of affordable and market rate housing. In addition to exploring this question, the study presented detailed cost breakdowns for 65 affordable housing projects supported in part by the Housing Trust Fund over the past two years. The component costs were stratified by size of project, nature of sponsorship, location, target populations, and use of tax credit financing in addition to other variables.
The study concluded affordable housing costs differ from market rate on a number of fronts, but that many of the differences can be explained by the idiosyncratic and specialized nature of such projects. The study was conducted to respond to a legislative inquiry and will be considered for policiy actions in the upcoming legislative session.
For a copy of the complete study click on Affordable Housing Cost Study. Ten Years After , pp. Kluwer Academic Publishers Group. Remarkable Resilience or Recession? Are We On It? Out of the Doldrums? Essays in Honor of James A. Grissom, Journal of Real Estate Research: Special Issue on Cycles , Mangan and Douglas A. Covey III, Summer Reflecting on the Future.
A Return to Fundamentals. A Flood of Economic Trouble: A Ray of Political Hope. Credit, Confidence and Collateral. New Year Begins with Tempered Optimism. Solid Foundation Steadies Uncertain Economy. At the Crossroads of Expansion and Recession. The Storms Behind, the Markets Ahead.
The Capital and Spatial Markets: Summer Cycle on Solid Ground. Real Estate Set for the Soft Landing. The Wave of Recovery: A dual-agency can also occur when a single agent represents the seller and the buyer, as in the scenario you suggest.
The agent will act as a dual agent. For obvious reasons, this creates a conflict of interest. Dual-agency requires the agent to treat both the buyer and the seller honestly and fairly. The dual agent must divide his or her loyalties between two parties with divergent interests — sort of like a divorce attorney representing both husband and wife in a divorce.
Some agents will tell you dual-agency is more efficient and effective. Having just one agent as point-of-contact can expedite a sale. Obviously, the real estate dual-agent has a lot to gain from the transaction: The seller typically pays 5 to 6 percent of the sale price as commission, which is split between the listing broker and selling broker.
Clearly, some agents will be motivated to represent both sides of the transaction and earn the entire commission. In a dual-agency scenario, there is a concern the agent might encourage the seller to accept a lower price for a home to get the double commission.
The dual agent is placed in a precarious position, attempting to balance the interests of the buyer, the seller and their own interest in a transaction. Many states allow dual-agency relationships, in which the agent represents and has a fiduciary duty to both the buyer and seller. Washington state allows dual-agency.
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Journal of Real Estate Research (J REAL ESTATE RES)Journal description. The Journal of Real Estate Research is the official publication of the American Real Estate Society (ARES). Our Journal's focus is to investigate and expand the frontiers of knowledge that cover business decision-making applications through scholarly real estate research. The Journal of Real Estate Research is the official publication of the American Real Estate Society. The focus of the Journal is to investigate and expand the frontiers of knowledge that cover business decision making applications or scholarly real estate research.